Google Showing High Relative Strength Post Earnings: Swing Trade Setup With Risk Management
Portfolio Pulse from Leif Soreide
Alphabet (NASDAQ:GOOGL) is showing high relative strength post earnings, resisting market pullback. The company's stock gapped higher following a well-received earnings report and is now consolidating. The article suggests a swing trade setup with risk management, buying a breakout of the diagonal on the GOOG chart combined with the breakout in a horizontal type of pivot.
August 16, 2023 | 1:27 pm
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Alphabet's stock is showing high relative strength post earnings and is resisting market pullback. A swing trade setup with risk management is suggested.
The article suggests that Alphabet's stock is showing high relative strength post earnings, resisting the market pullback. This indicates a positive sentiment towards the stock, which could lead to an increase in its price in the short term. The suggested swing trade setup with risk management further supports this.
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